ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bartering with other countries is a good way to acquire products.
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Barter is an effective way to store value and save for retirement.
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Money provides a way to store value for the future.
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Money does not allow for a way to measure the value of things.
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Detailed explanation-1: -Money has a store of value because it is an asset that can be invested, stored in a bank, left in a safe at home, and then later used to purchase something in the future. Store of value is an important money function because it helps facilitate trade in the future.
Detailed explanation-2: -A store of value is an asset that maintains its value, rather than depreciating. Gold and other precious metals are good stores of value because their shelf lives are essentially perpetual. A nation’s currency must be a reasonable store of value for its economy to function smoothly.
Detailed explanation-3: -Answer and Explanation: The correct answer is b. The ability of money to hold value over time .
Detailed explanation-4: -First: Money is a store of value. Second: Money is a unit of account. Third: Money is a medium of exchange.